The front of the stock exchange is decorated with Traton SE posters to mark the company’s IPO. (Boris Roessler/dpa/TNS)
MUNICH — Volkswagen’s commercial vehicle subsidiary Traton on April 28 reported a slump in sales and profit in the first quarter.
The Munich-based company saw turnover fall by 10% to 10.6 billion euros ($12 billion) compared to the same quarter in the previous year.
Net profit fell by 38% to 466 million euros, although a 12% rise in new orders offered some hope for an improved performance over the rest of 2025.
Traton owns brands such as Scania, MAN, the U.S.-based International and Volkswagen Truck & Bus.
Levin
The company had dampened expectations for the first quarter, blaming the weak global economy, cautious consumer spending and the U.S.-led trade dispute.
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Traton chief executive Christian Levin said the group “delivered a strong performance” despite “the backdrop of a continued unfavorable economic and political situation.”
“Despite a significant level of uncertainty, looking ahead, I am cautiously optimistic,” he added, pointing to the rise in orders.
